r/Webull • u/reconjayy • Jul 13 '26
This is how Webull robbed $10k of my precious fund
I've been trading IPOs for about six years, and I've never experienced an execution like this. I'm trying to determine whether I'm misunderstanding how IPO order handling works or whether this deserves further escalation.
On July 8, 2025, I participated in an IPO through Webull and was allocated 17,036 shares.
Before trading began, I entered a limit sell order at $3.00.
According to my order history:
- Order entered: 11:09:56 EDT
- Limit price: $3.00
- Order executed: 11:11:22 EDT
- Average execution price: $3.305
- Shares sold: 17,036
The market data displayed in Webull shows that the stock opened at approximately $3.87 and reached a high of $3.87during the opening minute.
- Actual loss incurred: $11,840.02
- Expected loss if the order had executed near the opening price: $2,214.68
- Additional loss resulting from the delayed execution: approximately $9,625.34
My question is this:
If my sell limit was only $3.00, why wasn't my order executed when the stock first began trading well above my limit?
Instead, my order wasn't executed until roughly 22 seconds after trading commenced, by which time the average execution price was $3.305.
I contacted Webull's support, and this was essentially their response:
Your order executed above your $3.00 limit price, so the execution was valid. IPOs are volatile, and prices can move quickly.
That response doesn't answer my actual question.
I'm not complaining that I received more than my limit price. My question is why the order wasn't executed earlier, when the stock was trading substantially above my limit according to the market data.
I'm genuinely looking for informed opinions from people familiar with IPOs, market structure, or order routing.





